St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-01-18
THH UNION ,4ACaFrC.
It's President Asks From Congress
Fair Play and No FavOrs.

EHlr Play and No faVOrS.
BosToN, Jan. 17.-President Adams. of
the Union Pacific Railway company. has
addressed letter to the chairman of the
house committee of Pacific railroads of
which the following is copy:
Boston, Jan. 17.-Hon. J. W. Throckmor-
ton, Chairman Committee on Pa cific Rail-
roads, Was ilgtou, d. C. Dear Sir: [ see by
the papers that the house of representatives
is now considering the expediency of an in
vestigation into the past history and money
transactions of the Pacific railroads. as a pre-
llminary to any final adjustment of the tinan-
clal relations between these companies and
the government. 1t has also been asserted
that the companies will strive to avoid such
an Investigation. l co not want the position
of the Union Pacific on this point to be mis-
understood. While, as Il matter of business
eXpedienct the company is most anxious to
reach final settlement with the government
1t es not fear any investigation of it's
affairs which may be ordered. During the
last fifteen years the Union Pacific
aaiiwa,' company has been more
than any other business corporation
on nth. Committees of congress have re-
ported on IL, secretaries of the interior and
railroad commissioners have investigated it's
accounts: successive boards of government
directors have taken part in its management
and scrutinized its every action; its books
and records have been analyZed by the de-
partment or justice and the court of claims
so Tar as have been able TO disco err there is
nothing connected with its affairs or its
history which congress and the country do
not know or cannot learn from the printed
record. If, under these circumstances further
investigation is deemed necessary the present
management will
FACILITATE THAT INVESTIGATION
by all means in its power. Those connected
with it only ask that any investigation had
MAJ be entrusted to men of character, stand
ing and intelligence, to the end that it NAV
put stop forever to those vague and scandal
lous assertions which are now made the pre-
Jude for further delays, affording infinite pos
sibillties for stock manipulation. The in
terests of thousands of persons and whole
regions OF country thus become
the football of any schemer or
gambler who has access to The
columns of some journal willing to increase
its circulation by setting forth forgotten
scandals OF ancient history as new and
startling discoveries, WHAT the Union Pa
cific, as a business corporation, does object
to, is that delay which will keep it and its
securities in position to be banded two and
fro between Wall street and Washington the
prey OF intriguers and Speculaters. The gov
eminent of the United States is by far the
largest creditor of the Union Pacific, which,
as debtor, at once willing and able to pay in
full II dealt with on recognized business
principles thinks it not unfair to ask it's
principal creditor not to let itself be used
competitors and stock iobbers rs an instru-
ment with which to injure the business re-
sources and impair the credit of the debtor
from whom pa, ment OF the last penn, is
still to be eXacted- l respectfully. but conf
IDENTITY. submit that to allow itself to be SO
used is neither justice, nor business nor fair
play. l have the honor to be-
CHARLES f. ADAMS, President.